Galileo Mining

The Callisto discovery keeps on giving for Galileo Mining, with the latest reverse circulation drilling results showing more sulphide mineralisation.

Galileo Mining has announced promising assay results following recent diamond drilling at the company’s Lantern prospect in the Fraser Range nickel belt of Western Australia.

Drilling is underway at Galileo Mining’s Fraser Range nickel belt tenements, which are highly prospective for nickel-copper sulphide deposits similar to the operating Nova mine.

Galileo Mining has started electromagnetic (EM) surveying at tenements in search for its next nickel target in Western Australia’s Fraser Range region, which houses IGO’s prospective Nova nickel mine.

Galileo Mining has unearthed more potential for a high grade nickel discovery at the Lantern prospect in Western Australia.

In December 2019, Legend Mining catapulted to a $200 million market capitalisation after exploration drilling revealed a nickel-sulphide discovery at its Rockford project’s Mawson prospect in the Fraser Range nickel belt in Western Australia.

In recent memory and even today, nickel has predominately been used to drive the rapid modernisation of developing economies, most notably China and India.

Galileo Mining has identified exploration targets in the Fraser Range, Western Australia that it has compared with Independence Group’s (IGO) Nova nickel-copper-cobalt ore body.

Cobalt aspirant Galileo Mining will start trading on the Australian Securities Exchange (ASX) tomorrow after raising $15 million through an initial public offering (IPO).

Cobalt-nickel explorer Galileo Mining is seeking to raise up to $15 million through an initial public offering (IPO) as it moves towards listing on the Australian Securities Exchange (ASX) next month.